topic Re: Modify tax returns for student loan interest in Student Loanshttp://ficoforums.myfico.com/t5/Student-Loans/Modify-tax-returns-for-student-loan-interest/m-p/1701802#M10074
<P>Check your income in 2011, was it over $70 or $75k single? &nbsp;or double that as joint? &nbsp;Then your interest is probably not deductable and you'll be wasting time. &nbsp;Check what the gross income limit was for SL interest deductions in 2011.</P>Thu, 15 Nov 2012 15:54:48 GMTbahbahd2012-11-15T15:54:48ZModify tax returns for student loan interesthttp://ficoforums.myfico.com/t5/Student-Loans/Modify-tax-returns-for-student-loan-interest/m-p/1700202#M10070
<P>I have private student loans through discover (use to be citibank). I did not realize until recently that I have to mail them a W9s to receive qualified student loan interest statements for my tax returns. I have been paying on these loans since Jan. 2009 so I would need to file form 1040x for 2009, 2010 and 2011. Does anyone know if Discover will provide me with the qualified interest form (1098E, I believe) for the past 3 years? I was still a graduate student in 2009 and 2010 so I doubt the amended return would result in much. However, in 2011, I paid mostly interest on these loans which was like $5000 so I definitely want to amend that one. Has anyone ever gone through this?</P><P>&nbsp;</P><P>Am I correct with all the forms? Mail a W9s to Discover and request 1098E statements for 2009, 2010 and 2011 and then file form 1040x to the IRS?</P>Wed, 14 Nov 2012 19:15:11 GMThttp://ficoforums.myfico.com/t5/Student-Loans/Modify-tax-returns-for-student-loan-interest/m-p/1700202#M10070PNut082012-11-14T19:15:11ZRe: Modify tax returns for student loan interesthttp://ficoforums.myfico.com/t5/Student-Loans/Modify-tax-returns-for-student-loan-interest/m-p/1701802#M10074
<P>Check your income in 2011, was it over $70 or $75k single? &nbsp;or double that as joint? &nbsp;Then your interest is probably not deductable and you'll be wasting time. &nbsp;Check what the gross income limit was for SL interest deductions in 2011.</P>Thu, 15 Nov 2012 15:54:48 GMThttp://ficoforums.myfico.com/t5/Student-Loans/Modify-tax-returns-for-student-loan-interest/m-p/1701802#M10074bahbahd2012-11-15T15:54:48Z